C
Gem State Ins Co
GoodingID
Rating Date
October 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Homeowners & Farmowners
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
210
70
280
25.00%
39.58%
2023
209
72
281
25.62%
36.96%
2022
211
76
287
26.48%
37.07%
2021
303
85
388
21.91%
39.17%
2020
242
104
346
30.06%
35.42%
2019
350
93
443
20.99%
35.34%
Other Liability: Occurrence
Year
Claims Received and Closed
Claims Closed without Payment
Total Claims Received and Closed
Percentage of Claims Closed without Payment
Percentage of Claims Closed without Payment
National Average
2024
1
1
2
50.00%
12.32%
2023
6
1
7
14.29%
16.34%
2022
13
2
15
13.33%
11.13%
2021
5
1
6
16.67%
18.93%
2020
7
6
13
46.15%
20.93%
2019
5
1
6
16.67%
16.90%